Dhunseri Ventures Ltd

₹ 284 -0.77%
Jan 27 11:38 a.m.
About

Incorporated as Dhunseri Tea Co. Limited, its first business was cultivation and production of tea at its tea estates located at Assam.
Later it acquired the Bottle Grade PET resin business of South Asian Petrochem Ltd and the name of the company was changed to Dhunseri Petrochem & Tea Limited.

Finally on 11.12.2018, the name of the company was changed from Dhunseri Petrochem Limited to Dhunseri Ventures Limited(DVL).

It is into manufacturing and selling of bottle grade PET resins through its various Associates and Joint venture. [1]

Key Points

Experienced promoters
The promoters are having vast industry experience of over 40 years in the field of Tea and Petrochemicals. [1]

  • Market Cap 995 Cr.
  • Current Price 284
  • High / Low 350 / 66.3
  • Stock P/E 2.97
  • Book Value 534
  • Dividend Yield 0.87 %
  • ROCE 18.9 %
  • ROE 16.4 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.53 times its book value
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 98.21% CAGR over last 5 years

Cons

  • Company has a low return on equity of 5.28% for last 3 years.
  • Earnings include an other income of Rs.290.64 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Petrochemicals Industry: Petrochemicals

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
143 20 18 16 27 17 33 27 60 61 51 46
162 55 12 29 46 80 36 17 19 20 17 18
Operating Profit -19 -34 6 -13 -19 -63 -2 10 41 41 34 28
OPM % -13% -168% 32% -80% -69% -371% -7% 36% 68% 68% 66% 62%
Other Income 10 -14 12 17 10 7 12 64 48 96 93 54
Interest 5 2 2 2 2 1 1 1 1 1 1 1
Depreciation 1 1 5 5 5 6 6 6 7 6 6 6
Profit before tax -15 -51 11 -2 -16 -64 2 66 81 130 120 75
Tax % 50% 27% 25% 148% 8% 19% -26% 24% 22% 9% 19% 21%
Net Profit -7 -37 8 2 -14 -51 2 49 62 118 97 59
EPS in Rs -2.13 -10.64 2.41 0.48 -3.87 -14.66 0.62 14.13 17.85 33.76 27.73 16.85

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
1,140 1,594 1,984 2,255 3,882 4,172 27 22 970 762 70 182 218
1,044 1,476 1,900 2,184 3,739 4,169 8 21 943 737 148 71 74
Operating Profit 96 118 84 71 142 3 19 1 27 25 -78 111 144
OPM % 8% 7% 4% 3% 4% 0% 72% 3% 3% 3% -112% 61% 66%
Other Income 57 125 24 125 60 39 -208 497 54 31 42 198 291
Interest 23 26 41 33 60 100 -0 0 2 23 7 5 4
Depreciation 28 31 33 33 44 74 0 0 2 4 28 26 25
Profit before tax 101 186 33 130 99 -132 -189 497 78 29 -71 279 406
Tax % 29% 36% 29% 13% 21% -22% -2% -11% 34% -10% 20% 16%
Net Profit 77 121 31 101 79 -101 -125 599 52 33 -55 232 337
EPS in Rs 65.79 34.65 8.90 28.72 22.69 -28.92 -35.75 171.17 14.96 9.41 -15.64 66.36 96.19
Dividend Payout % 6% 13% 51% 16% 20% -14% -11% 1% 23% 43% -3% 4%
Compounded Sales Growth
10 Years: -20%
5 Years: 47%
3 Years: -43%
TTM: 108%
Compounded Profit Growth
10 Years: 7%
5 Years: 98%
3 Years: 64%
TTM: 2646%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 43%
1 Year: 310%
Return on Equity
10 Years: 10%
5 Years: 15%
3 Years: 5%
Last Year: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Sep 2021
35 35 35 35 35 35 35 35 35 35 35 35 35
Reserves 550 655 665 741 799 425 459 1,065 1,158 1,327 1,198 1,569 1,835
Borrowings 398 410 900 2,016 2,359 2,284 1,059 -0 117 70 92 73 70
312 493 665 518 968 731 1,727 100 279 173 154 216 245
Total Liabilities 1,271 1,593 2,265 3,310 4,161 3,474 3,280 1,200 1,589 1,605 1,479 1,893 2,184
537 591 599 1,013 1,012 1,641 950 16 29 34 54 69 70
CWIP 44 48 405 666 1,011 75 46 46 46 46 46 46 48
Investments 82 61 65 38 41 45 115 1,080 1,126 1,312 1,282 1,639 1,887
609 893 1,196 1,593 2,097 1,713 2,170 58 388 214 96 139 179
Total Assets 1,271 1,593 2,265 3,310 4,161 3,474 3,280 1,200 1,589 1,605 1,479 1,893 2,184

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
127 131 117 -654 69 354 -21 354 -342 96 101 30
-48 -91 -281 -513 -334 -121 -68 -273 287 -51 -57 35
-156 -35 391 985 239 -85 -51 -141 104 -85 -40 -56
Net Cash Flow -77 5 228 -182 -26 148 -140 -60 49 -40 4 10

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 48 39 46 86 45 18 121 -0 45 0 0 0
Inventory Days 34 59 54 94 98 69 31 0 9 12
Days Payable 79 104 105 53 74 44 66 5 119 80
Cash Conversion Cycle 3 -6 -5 127 70 43 121 -0 10 -5 -110 -67
Working Capital Days 37 33 15 152 94 55 3,812 617 56 85 290 103
ROCE % 14% 18% 5% 4% 5% -1% 1% 38% 7% 6% -5% 19%

Shareholding Pattern

Numbers in percentages

Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021
74.82 74.82 74.82 74.86 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.43 0.62 0.72
3.69 3.68 3.65 3.73 3.65 3.65 3.65 3.65 3.47 2.09 2.09 2.10
21.48 21.50 21.53 21.41 21.35 21.35 21.36 21.35 21.53 22.47 22.29 22.18

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